AXO Copper Drills 3.1% Copper Equivalent over 5.8 Metres IN First Batch of Phase Ii Assay Results
NEWS RELEASE
AXO COPPER DRILLS 3.1% COPPER EQUIVALENT OVER 5.8 METRES IN FIRST BATCH OF PHASE II ASSAY
RESULTS
HALIFAX, NOVA SCOTIA – August 18, 2025 – Axo Copper Corp. (TSXV:AXO) ("Axo", “Axo Copper” or the
“Company”) is pleased to announce the first batch of assay results from its recently initiated Phase II drill
program at the La Huerta Project. The Company is also providing an exploration update on current drilling
and visual results, which have seen copper mineralization in deeper drillholes, as Axo has begun stepping
out down-dip below Las Marias.
“The first assays of Phase II drilling have produced very strong results as we continue to find, and further
define, the La Huerta trend” says Jonathan Egilo, President & CEO. “We are currently drilling some of the
deepest holes to date at La Huerta and remain excited about future drilling, as we continue to push the
extensions of the mineralization.”
La Huerta Assay Results and Exploration Update
Drilling at La Huerta restarted in early June with the initiation of the Phase II drill program. The assay
results contained within this release are the first 570 metres of drilling. Approximately 2,100 metres of
the 15,000-metre program have been completed thus far, with the focus on a combination of relatively
shallow holes stepping out north of Las Marias, covering approximately 300 metres of strike length, in
addition to extending mineralization at depth (see cross section in Figure 1).
The Company has received initial assay results, which have been positive in intercepting the La Huerta
trend. Results are highlighted by LHCC -25-031 which returned an interval of 3.08% Cu Eq (2.90% Cu and
14.3gpt Ag) over 5.8 metres, within a broader and wider interval of 1.74% CuEq (1.64% Cu and 7.6gpt Ag)
over 12.4 metres. The hole represents a down -dip extension of LHCC -23-021, which was previously
reported as 3.16% CuEq (3.00% Cu and 12gpt Ag) over 12.0 metres.
Below LHCC-25-031, the Company recently completed a hole another ~40 metres down dip, LHCC-25-043,
as shown in Figure 1. The drillhole intercepted the La Huerta trend, showing a mineralized zone of 10.4
metres with patches of chalcopyrite, of which 3.5 metres contained bornite in addition to the chalcopyrite.
Assays for hole LHCC-25-043 are pending.
FIGURE 1: CROSS SECTION HIGHLIGHTED BY LHCC-25-031 AND LHCC-25-043 (ASSAYS PENDING) DOWN
DIP RESULTS
FIGURE 2: PLAN VIEW OF THE LA HUERTA TREND
Table 1: La Huerta Assay Results
Hole ID Comment From To Length(1) Copper Silver Copper
Eq.1
m m m % gpt %
LHCC-25-029 Void 81.0 88.5 7.5 - - -
LHCC-25-030 La Huerta Trend 44.9 49.7 4.8 0.87 2.79 0.90
Including 47.7 49.1 1.4 1.29 5.32 1.36
LHCC-25-031 La Huerta Trend 161.1 173.4 12.3 1.64 7.59 1.74
Including 161.1 166.9 5.8 2.90 14.33 3.08
Including 162.2 165.3 3.1 4.26 25.99 4.58
LHCC-25-032 La Huerta Trend 48.9 49.7 0.8 1.27 0.8 1.27
LHCC-25-034 La Huerta Trend 83.0 89.0 6.0 1.99 10.05 2.11
Including 84.8 87.7 2.9 3.39 19.55 3.63
1CuEq calculated using metals prices of US$9,650/tonne copper and US$37.50/oz silver
Table 2: La Huerta drillhole coordinates
Hole ID
EASTING NORTHING ELEV DEPTH AZ DIP
m m m m ° °
LHCC-25-029 580263 2146881 650 88.5 335 -56
LHCC-25-030 580300 2146898 659 70 335 -56
LHCC-25-031 580293 2146818 674 206 335 -56
LHCC-25-032 580320 2146922 659 70 335 -64
LHCC-25-034 580352 2146925 685 135 335 -59
Engagement of Investor Relations Services
In addition, the Company announces that it has entered into an agreement (the “Agreement”) with SRC
Swiss Resource Capital AG (“SRC”) for investor relations and communications services. The Agreement is
effective as of July 1, 2025, for a period of one year. The Agreement can be terminated by either party by
providing seven (7) days written notice. The services to be provided by SRC to the Company under the
terms of the Agreement include communications services, generally viewed as investor relations,
including dissemination of information to existing and potential shareholders, creating media through
interview and videos as well as supporting or representing the Company at trade and investment shows.
Pursuant to the terms of the Agreement, SRC is to be paid 4,000 CHF per month with additional fees for
special services such as trade and investment shows.
SRC is a private company based in Herisau, Switzerland. SRC is led by Jochen Staiger, Chief Executive
Officer. SRC has experience in providing services to companies listed on various stock exchanges that are
seeking to raise their profile in public markets . SRC does not own, directly or indirectly, any securities of
the Company.
DSU Grant
Pursuant to the employment agreement between the Company and the CEO, entered into on June 10,
2024, the Company has issued 1,500,000 DSUs to the CEO. The DSUs were issued on August 18, 2025.
About Axo
Axo Copper Corp. is a Canadian mineral exploration company engaged in the exploration and
development of the La Huerta property, a new copper discovery in Jalisco, Mexico. Initial exploration has
yielded high -grade copper both at surface through sampling programs, and at depth through initial
drilling. The Company is focused on continuing to define near-surface mineralization along the La Huerta
Trend, expanding mineralization at depth, and targeting new discoveries in an underexplored district.
Additional information can be found at the Company's website: www.axocopper.com.
Procedure, Quality Assurance / Quality Control and Data Verification
The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling. When the
sample lengths are determined, the full drill core is sawn with a diamond blade drill core saw with one
half of the drill core being bagged and tagged for assay. The remaining half portion is returned to the drill
core trays for storage and/or for metallurgical test work.
The sealed and tagged drill core sample bags are transported to the ALS Chemex facility in Querétaro and
Zacatecas, Mexico. ALS Chemex crushes the samples and prepares 200-300 gram pulp samples with ninety
percent passing Tyler 150 mesh (106 μm). Copper and multi -element analysis is completed using total
digestion (Code ME-ICP61 Total Digestion ICP). Over limits greater than 10,000 grams per tonne copper
are assayed using Cu-OG62.
Quality assurance and quality control ("QA/QC") procedures monitor the chain-of-custody of the samples
and includes the systematic insertion and monitoring of appropriate reference materials (certified
reference materials, blanks and duplicates) into the sample strings. The results of the assaying of the
QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All results
stated in this announcement have passed AXO’s QA/QC protocols.
Qualified Person
Charles Spath, P. Geo., is the Qualified Person for Axo Copper Corp., as defined under National Instrument
43-101. Mr. Spath has reviewed and approved the scientific and technical information in this press
release.
For further information, please contact:
Jonathan Egilo
President and CEO
613 882 5126
Forward looking information:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain “forward-looking statements”. All statements other than statements of
historical fact included in this release, including, without limitation, statements regarding the Offering, the
Company’s plans in respect of the La Hu erta property and receipt of all necessary regulatory approvals,
are forward-looking statements that involve various risks and uncertainties. Forward -looking statements
are frequently characterized by words such as “will”, “propose”, “may”, “is expected to ”, “subject to”,
“anticipates”, “estimates”, “intends”, “plans”, “projection”, “could”, “vision”, “goals”, “objective”,
“focus” and “outlook” and other similar words. Forward-looking information in this news release is based
on the opinions and assumptions of management considered reasonable as of the date hereof, including,
but not limited to, general business and economic conditions will not change in a materially adverse
manner; the potential of high grade copper mineralization at the Company’s properties; the results (if any)
of further exploration work to define and expand mineral resources; the ability of exploration work
(including drilling) to accurately predict mineralization; and the ability to generate additional drill targets.
Although the Company believes the expectations expressed in such forward -looking statements are based
on reasonable assumptions, there can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the Company’s expectations include
environmental risks, limitations on insurance coverage, risks and uncertainties related to exploration,
development, operations, commodity prices and global financial volatility including as a result of tariffs,
risk and uncertainties of operating in a foreign jurisdiction as well as additional risks described from time
to time in the filings made by the Company with securities regulators. The Company disclaims any intention
or obligation to update or revise any forward -looking information, other than as required by applicable
securities laws.